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Carbon Wheels Market Trends

Report ID: GMI4768
Published Date: Mar 2024
Report Format: PDF

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Carbon Wheels Market Trends

There is a trend for personalization and customization of wheelsets according to customer’s needs and performance goals. There is a trend of using wider rims in the wheelsets of vehicles. wider rim profiles in road and mountain vehicles. Wider rims offer benefits including improved tire stability, better sidewall support, enhanced traction, and reduced rolling resistance which increases comfort and performance.

Tubeless technology in wheelsets provides benefits such as, lower rolling resistance, less risk of punctures, and to run tires at lower pressures for better comfort and traction. More and more manufacturers are producing carbon wheelsets that are ready for tubeless tires.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of carbon wheels reached USD 679 million in 2023 and is set to witness 8.2% CAGR from 2024 to 2032, owing to increase in technological advancements such as carbon fiber technology, manufacturing process and design engineering worldwide.

The commercial vehicles segment recorded around USD 323 million in 2023, due to having luxurious interiors and preferring carbon wheels for their lighter and stronger performance.

Asia Pacific market was valued at USD 206 million in 2023, attributed to rapid urbanization and industrialization in the region.

Zipp speed weaponry, ENVE Composites, Reynolds Cycling, Mavic DT Swiss, Fulerum Wheels, Roval components, Easton Cycling, Campagnolo, Bontrager, Carbon Revolution Ltd., Dymag Group Ltd., and Ronal Group, are some of the major carbon wheels companies worldwide.